ISO has received approval of its filings introducing new ISO Risk Analyzer Homeowners by-peril rating rules in 13 states, with filings pending approval in several other states. The optional rules provide by-peril rating relativities for key homeowners rating variables. When used in conjunction with the current Risk Analyzer Homeowners environmental rating rules, insurers can benefit from more in-depth by-peril analysis of homeowners risks within their books of business.
ISO says both the by-peril rating rules and the combined all-perils environmental rating rules use output from Risk Analyzer Homeowners, a predictive model that develops expected losses at a much more refined geographic level than traditional territories.
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